7(a), 504 and Microloan Debt Relief
Below you can access information about federal, state, city and private resources in regards to coronavirus (COVID-19).
The SBA is offering 7(a), 504 and Microloan Debt Relief to small businesses with existing non-disaster Small Business Administration Loans. As part of the program, the SBA will automatically pay the principal, interest, and fees for the next six months for borrowers with existing SBA 7(a) loans, 504 loans, and microloans.
Under the Debt Relief Program, the SBA will also cover payment of principal, interest, and fees for small businesses who apply for and receive a new 7(a), 504 or Microloan prior to September 27, 2020. Contact your small business lender directly regarding prospective debt relief available through this program.